China has pledged 860 billion rand for the African continent. Speaking at the Forum on China-Africa relations (FOCAC) recently held in Johannesburg, Chinese president Xi Jinping told African leaders his country will invest 860 billion rand for infrastructure development, education and healthcare expansion in the continent.
FOCAC creates a platform for more opportunities for African countries to industrialisation and modernisation with increasing Chinese investment. The summit saw over 100 ministerial officials from China and African countries mapping out strategic visions for Africa.
People took to social media such as Facebook and Twitter to voice their opinions on China’s pledge to Africa.
A 2015 polls conducted on Twitter indicates that China’s $60bil FOCAC pledge serves as a catalyst for development and growth in Africa, but other priorities are of more concern
Managing Director for Emerging Markets & Africa at Deloitte Martyn Davies says lack of political leadership hinders development on the African continent
WATCH President Zuma’s full welcoming speech at the Focac summit